This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ford Boosts Small-engine Production In US


BROOK PARK, Ohio (AP) â¿¿ Ford is preparing for a day in the near future when a small four-cylinder engine will be the motor of choice in most of its vehicles, perhaps even in pickup trucks.

Demand for the company's 2-Liter turbocharged engine is growing so fast in North America that Ford announced plans Thursday to start building the engine late next year at a factory in Brook Park, Ohio, near Cleveland. Currently it's importing the motors from a factory in Valencia, Spain.

The Brook Park plant now employs about 1,300 people who make V-6 engines for the F-Series pickup truck, the most popular vehicle in America.

Ford plans a $200 million investment in the plant and promises 450 more jobs, the halfway point in a Ford hiring spurt that will total 12,000 U.S. hourly jobs by 2015. But few think that the hiring will stop at 450, as the company and its customers look to smaller "EcoBoost" turbocharged engines to fight high gas prices and comply with more stringent government fuel economy regulations.

Demand for the 2-Liter turbocharged motor has exceeded Ford's expectations, Joe Hinrichs, the company's new president for the Americas, said after making the announcement. "You never know when that's going to go further, because the products it's going to go into are some of our best-selling cars."

Plus, U.S. auto sales are growing. Industry analysts predict about 15.3 million cars and trucks will be sold this year, up 800,000 from last year. It's far higher than in 2009, when frozen credit and high unemployment cut sales to 10.4 million, a three-decade low.

More customers are choosing turbocharged smaller engines as Ford and other manufacturers offer them in more models. The engines get better gas mileage than six-cylinder motors. And the turbochargers give them more power when needed. In the U.S., new vehicles will have to average 54.5 miles per gallon by 2025, twice the roughly 27 mpg they get today.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,815.43 +2.04 0.01%
S&P 500 2,091.39 +2.52 0.12%
NASDAQ 5,128.7440 +12.6010 0.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs